The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-03-10
A TREMENDOUS DEAL
IN A GREAT RAILROAD PROPERTY
II the Reports arc Truo-Tho baltimore s;
Ohio RAILROAD Alleged to lnvo boon Sold
" to n Syndlcnto-l'resiilcnt Garrett Ia
7 .Committnl on tho Subject.

NEw YoRK, March4.-Mr. Alfred scully
was applied to by reporter Of the Ertn.
ing Post to-day for some statements in 10.
gard to clrcumstantial report that n syn.
dictate represented by him had virtually
concluded negotiations with President
Robert Garrett Of the Baltimore & Ohio
Tor the purchase OF controlling interest
in that road and Its dependencies. Mr..
scully said that he preferred to say moth
! ing until he could Dtate something def.
nitely, and that he was not yet in posi-
ton to do so. When the reporter remarked
that no supposed the fact Of purchase was
not now denied Mr., scully admitted tist
this twas pretty well understood, but
said he was not prepared to announce the
names Of the parties concerned or the
terms Of agreement" 1t was reported in
the street to-day that the price paid by
tho syndicate for the Baltimore & Ohio
stock was 1925, but well informed and
prominent banker said that he had good
reason to assert twas not much over 5000.
A leading bank president, in comment.
ing on the importance OF the reported
sale, said that the railroads represented in
thepurchasing combination or in harmony
with them would have control Of all the
anthracite coal territory in the country,
MIR. Alfred Sully ia understood to repre.
gcnt tho interests of Mr.. Austin Corbin.
the Reading, the Pennsylvania, tho Jer.
sey Central, and tho Now York Central
are all understood to be parties to the
great deal"
A prominent broker remarked TODAY
that the now combination would repre-
sent the New York Central. Erie, Penn
sylvania Central and tho Reading and
Jersey roads, and that these would com.
mand all the bueineas coming into New
York. In connection with the Richmond
terminal and the East Tennessee, Virginia
and Georgia rohds, tho new system would
have control Of nearly all the sea coas.
lines from New York to Florida. In
connection with tho Indianspolis.
Bloomington and Western rail.
road aud subsequent absorption
by that road with the Ohio Southern for
the making OF amicab.o arrangements
control ali tho h;trn,;rn,,s aa.I .H:a npa"
excentthat covarrI hu NO ITG. 'pT1il,oly py
ter 4 p;t:ehnrah ~ 'n' n"na'o' 1socies-
II Ia rnaarstooa thot
anne hind ara o nv f.n. 40; T.. ntSosiasols tS' OF
the latter road. Also it 10 supposed that
capitalists interested in the Adams Ex-
press Company are among the hackers Of
the su!ly party with a view TO acquiring
bua;neas % @ ,bay o hnne o.S " UHIo Express
tha ReSdinu Law "equ'ieu tnas ol
As TO the Ral,imoro 3 oh;o to,,.
line the syndicate viii hs in 'v se;vs,spn
maize terms with tba vvoe.orn M ~ un;n pGs..'on "
nenv # thov f;nd IL, rs eoth,n thn;. Gnion vo"-
.eN ,A'' " '''e'' ih'eteae'
GARRETT NoN'coMMlrrAL.
BALTIMORE, March 9.-Mr. Robert Gar
rett, President of tho Bsltimore & Ob;o
Railroad Coun.,v m., 0oo, - A.. - ,'.,
has 700 o'eA 'o'ohy ou1
liau .hotnlng 70 say IN regard to the re-
potteu arrangement !or transfer OF a
cos. con.ao. o. she ROAD. me Nsw York Times
euusa,utns ..La;s assa'eNeh'. "hich appears,to be
TI'i'eutie, M hub created eensatlon here.
aus Ivy, as Corporation, l6 largely inter
esseu IN tne ba!tlmore & ONO, and there
ste M plivase % interests which arc opposed to
u .ne eohsfo' Oh ,I the ROAD going out Of Balti.
iln ,uofe an nahus. T.. me baltimore 4 Ohio road
.n tias Dseh iooKeu npon as q Baltimore en-.
tefprise, ana "hi!e hlr. Garrett has pre-
Sst'ea Sa sa reNeence ss to everything that
'l"s I .ha. 9esh n tulnolec, mere arc many who
,,,:a eaE :lias ':iete ID tTatn IN Ine statements
p';a!an puoilsne1 IN 1hs - a'mfs' Ihere is con-.
siG.loo nefe thas ny me ROAD shall
pass a., lh.o other hands' the express
anu .eltgtaph system VIII 20 with it. The
.hst'et ~ & ID aiscusseu on the exchanges and
tne street cornels' ana while come up.
prove, many cohdemn the seton.
~ Gorlesponuene ;p;,l, says; ~ Is at this
llMe lmposslpie n, 70 tell whether the Balti-
haot dote " onio mas oeen soia Or not. The
pest posted financial and railroad men in
nliahed n ia diff;cnlt ~ ,oo oo, -. SN'u.n p.